Alumina Ltd said Thursday that the current alumina pricing system is out of sync with industry fundamentals and contract pricing would eventually transition to spot pricing, which poised to deliver further benefits both to the company and the industry.
Perth-based National Hire expands its business operations by acquiring Victoria-based Monash Hire for an undisclosed amount.
Tiger Airways is set to expand its services in Australia following a mutual deal from the Victorian Government. The airline company announced flights would commence on November 10 in Victoria's second main airport, Avalon. Its first destination would be the Gold Coast with a flight cost of $45.
Iron Mountain Mining Ltd announced it has entered into a Heads of Agreement with United Orogen Ltd to acquire outstanding available interests in three United Orogen exploration licences in the Northern Territory.
Budget carrier Tiger Airways has announced Thursday that it will start servicing routes to and from Avalon Airport in November, making the Gold Coast as the budget carrier’s inaugural destination from Melbourne’s second gateway.
Conquest Mining Ltd has announced its plan to acquire North Queensland Metals (NQM) through an off-market takeover offer worth $58 million.
Tata Motors of India has announced on Wednesday that the world’s cheapest car, the Nano, would again started rolling out from its new western India plant following the company’s forced desertion of its near-completed factory in Singur, West Bengal which was marred by violent land ownership dispute in 2008.
Leighton Holdings Ltd announced its subsidiary, Leighton Asia, has secured a $273 million contract to develop and operate a coal mine in western Mongolia for Mongolia Energy Corporation (MEC).
Swiss mining giant Xstrata announced it has suspended $586 million expenditures on its Wandoan Coal and Ernest Henry underground copper projects in Queensland due to the planned resources super profits tax (RSPT).
Shares in crane operator boom Logistics Ltd soared in early trading on the Australian Securities Exchange (ASX) following the announcement that Boom is a target of a $240 million takeover proposal.
Environment Protection Authority (EPA) has cancelled the licence of Mobil Refining Australia Pty Ltd following poor performance at its Altona site.
One resource company is not afraid of continuing its explorations and existing projects in North-West Queensland despite the plan for the Federal Government to push through with the resources super profits tax.
Brazilian Mining giant Vale S.A. confirmed it is exercising its option to acquire the 24.5 per cent share of Aquila Resources in the Belvedere coal project in Queensland.
Virgin Blue is set to overhaul its operations in a bid to re-establish the airline as a corporate-focused airline and double its share in the domestic corporate market share.
The Hartford Mutual Funds today introduced three new funds. The Hartford Global Real Asset Fund and The Hartford Global All-Asset Fund offer investors global exposure at a time when global economies are changing rapidly and there is expanding demand for alternative investments.
Tiger Resources Ltd announced it has entered into agreements to raise $21.85 million to complete the funding for the Stage 1 Development of its Kipoi Project.
TFS Corporation launched its inaugural native Australian Sandalwood Project for retail investors and appointed WA Sandalwood Plantations Pty Ltd to be its plantation contractor.
Shareholders of Perth-based Rusina Mining NL approved the scheme of arrangement for the planned merger between Rusina Mining and UK-based European Nickel PLC.
Cazaly Resources announced it has finalised a financing facility and off-take arrangement for its Parker Range iron ore project.
Citigroup Inc has announced Tuesday the closure of 330 branches of US consumer finance business in its continuing campaign of company restructuring that would also lead to job separations of up to 600 employees across the 48 states.
American hospital operator Tenet Healthcare Corp, the second-largest publicly traded hospital in the US, confirmed reports it is one of the bidders for Australian hospital operator and pathology services provider, Healthscope Ltd.
IDS Group (IDS), the global specialist investment administrator, has partnered with LC Abelheim (LCA), a Mauritian based Management Company to offer fund administration to the Indian Ocean region.
Perth-based Beadell Resources Ltd is set to commence a feasibility study on its Tucano gold and iron ore project in Brazil.
The Australian Competition and Consumer Commission (ACCC) has announced today on its official website that Mitsubishi Motors is set to recall up to 42,525 units of Triton utes citing potential problems on the vehicles’ suspension bolts.
IT service provider ASG Group has announced the acquisition of IT consulting firm Capiotech for $30 million.
Apple has announced that iPad sales have topped two million in less than 60 days since its launch on April 3. Apple began shipping iPad in Australia, Canada, France, Germany, Italy, Japan, Spain, Switzerland and the UK this past weekend. iPad will be available in nine more countries in July and additional countries later this year.
Cazaly Resources Ltd announced the finalisation of a Memorandum of Understanding (MOU) with HWE Mining Pty Ltd for the development of its Parker Range iron ore project in Western Australia.
Hospital operator and pathology owner Healthscope has received two new takeover bids that values the company at $1.84 billion, which may challenge the bid of private equity consortium Blackstone Group.
Australian resources and investment company Cape Lambert Resources Ltd announced that it has completed the $315 million sale of its Lady Annie mine in Queensland to China Sci-Tech Holdings Ltd.
A financial analyst said on Tuesday it is likely that a large company may be pushing for a takeover bid for Tasmanian timber company, Gunns.
